Although the majority of news coming out of Alberta lately has been negative, and surely more is one the way, Alberta is never idle. There is substantial evolution taking place. Despite having a dose of ‘it’ll get worse before it can get better disease’, we have the downtown core growing and a tireless energy sector striving for innovation.

I was part of a small group that attended a bespoke economic presentation from the government of AB last week. The major takeaways were that we (Alberta) need to continue strategically diversifying (I say continue, because we’ve been diversifying for 20 years) our energy sector. Alberta is a great innovator but ideas need to be focused on a collective goal, not independently. The guiding target that was presented was to reduce oilsands water consumption by 50% before 2030. This idea has been discussed before, but I feel there is an urgency to work collectively on this goal.

Focused diversification within the energy sector and on a measurable target, makes sense. By reducing the amount of water used in extracting oil, we can decrease cost and further reduce environmental impact.

Until we make this change (and others) we remain increasingly vulnerable to low oil prices, political agendas and (for right or wrong) environmental critique. Jump to one idea here.

Turbo charge your portfolio. Great, 2-unit bungalow, 7 minutes from
downtown; a winner to add to any portfolio. 1952 built, meticulously
maintained. Terrific access to local amenities in mature Prince Rupert.
New furnace, electric panels and suite upgrades. This property has a
legal 2 bd suite down and 3 bd on the main, plus over-sized single
garage and pad. This property has a tried and true layout and is built
to last. Purchase price includes reserve fund and small renos to make
the property shine! This is a turn-key deal. Excellent access downtown
and in the highly rent-able and desirable neighbourhood of Prince
Rupert.

Comes complete with great tenants making this a totally turn-key
property for you. Prince Rupert is a mature neighbourhood that is
convenient for tenants working downtown and attending NAIT. HUGE upside
potential due to the great purchase price, strong economic fundamentals
and the proximity of this property in relation to Edmonton's desirable
growing core.

Purchase price: $385,000 Total Investment: $88,500 Your Estimated 5 Year Profit $54,760 Your pre-tax Total ROI is 62% or 12% per year

How the West was done: Plummeting oil prices and political change cosier to stall Canada’s growth engine

By Claudia Cattaneo, Financial Post Media, March 2nd, 2016

As painful as it is, there is much to be learned from Canada’s economic decline, such as: We are getting lots of what we (and many of our politicians) wished for and finally getting a clear picture of what Canada looks like without a strong oil sector.

Partly due to the oil price collapse, partly by the design of new governments in Alberta and Ottawa, oil no longer fuels the economic engine. Climate change policy has won the day and the oil sands’ industry has been kneecapped.

Proposed bitumen pipelines have been gutted by organized campaigns and red tape. The West’s economic leadership has been quashed, and with that — for now — its political clout. THIS ARTICLE

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Rob Roach: Alberta’s identity is built on growth for good reason

By Rob Roach, Edmonton Journal, March 10th, 2016

When it comes to population growth, Alberta is an outlier.

Our GDP per capita is among the highest in the world, but our population growth rate is more in keeping with relatively poor places such as Ethiopia and Nigeria.

While the populations of wealthy countries like Japan and Germany are shrinking, Alberta’s average annual population growth between 2004-14 was over eight times greater than in the European Union and almost three times the rate in the United States.

Alberta’s population has increased by 1.2 million people since 2000 — roughly equivalent to adding another Calgary or Edmonton to the province. GRAB THIS STORY

For the people who operate and manage steam-assisted gravity drainage (SAGD) projects, oil is almost treated as a by-product to what is actually their primary concern: water. Indeed, SAGD operations are basically just “water facilities with an oil problem,” according to Darren Massey, a programs leader at GE’s Customer Innovation Centre, a Calgary-based facility where energy companies try to tackle the fundamental challenges inherent in developing heavy oil. “Water is really the main resource that you have to manage here,” he says. “The energy that you put in to generate that high-temperature steam accounts for a substantial portion of your total costs.” READ MORE HERE

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“Perseverance is failing 19 times and succeeding the 20th.” -Julie Andrews

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About Me

My husband and I run our investment company from our dual offices in Canada and Japan. We provide our Joint Venture partners with secure revenue properties in the Alberta oil sands region. Our partners are based all over the world. To date we have partnered with people in Japan, Australia, Singapore, Canada and America.
Our company Glenn Simon Inc. helps our partners reach their wealth building goals with secure Real Estate investments based on economic fundamentals not emotion.
In our free time we enjoy health, fitness and traveling with our boys. We have spent time in North and Central America,the Caribbean, Africa, Europe,the South Pacific, Iceland and extensively throughout Asia. We are always planning our next adventure...